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$ 3,750,000
Est. payment | /mo
12,150 SqFt
$ 3,750,000
Est. payment | /mo
12,150 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 12,150 sqft
Price per Sqft $308
MLS Listing ID A12042627
HOA Y/N No
Year Built 1957
Annual Tax Amount $46,952
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Office
Property Description
601 S 21st Ave presents a unique owner-user and investment opportunity in the heart of Hollywood, Florida. The property consists of a 12,150 SF multi-tenant office/flex building strategically located on Dixie Highway, just minutes from Young Circle and the city's rapidly evolving downtown district. Approximately 5,000 SF is available for immediate occupancy, making it ideal for an owner-user seeking to establish or expand operations while benefiting from existing rental income. The remaining space is leased to five tenants, generating approximately $15,000 per month in revenue and helping offset occupancy costs. The property offers a flexible layout suitable for a variety of office, showroom, creative, and professional uses. In addition to its current cash flow, the asset provides substantial long-term value through its desirable location and redevelopment potential. Zoned DH-3, the property allows for development up to 10 stories with no maximum residential density, creating a compelling opportunity for future mixed-use or residential redevelopment. Positioned within one of South Florida's fastest-growing urban corridors, the property benefits from strong demographics, increasing investment activity, and proximity to restaurants, retail, entertainment, and major transportation routes. This offering combines stable in-place income, owner-user functionality, and significant future upside in a highly desirable Hollywood submarket.
Location
State FL
County Broward
Area 3050
Zoning DH-3
Interior
Interior Features InteriorFeatures
Fireplace No
Building
Dwelling Type Office
Others
Tax ID 514215010340
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12042627
Listed by Jason Joseph Abitbol APEX Capital Realty LLC
Nearby Locations
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